| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $7M | 0.8% | 3.4% |
| Op. Income | -$59M | -$19M | -$22M | -211.8% | -167.5% |
| Gross Margin | 9.9% | 5.9% | 13.8% | 4.0pp | -3.9pp |
| Net Margin | -954.8% | -356.2% | -399.7% | -598.6pp | -555.1pp |
| EPS (Diluted) | $-8.10 | $-3.02 | $-3.85 | -168.2% | -110.4% |
| Free Cash Flow | -$52M | -$51M | -$27M | -2.4% | -95.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $680.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $38M |
| Operating Expenses | $60M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$59M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $3M |
| EBIT | -$58M |
| EBITDA | -$55M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $51M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $313M |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $73.0K |
| TOTAL NON-CURRENT ASSETS | $355M |
| TOTAL ASSETS | $382M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $278M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $335M |
| TOTAL LIABILITIES | $366M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $319M |
| Retained Earnings | -$303M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $327M |
| Net Debt | $317M |
